XML 90 R46.htm IDEA: XBRL DOCUMENT
v3.25.2

Bank Loans (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Bank Loans [Abstract] |
Schedule of Long-Term and Short-Term Bank Loans | Long-term and short-term bank loans are as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | S$ |  |  | S$ |  |  | US$ |
Total bank loans |  |  | 3,669,815 |  |  |  | 3,234,199 |  |  |  | 2,405,503 |
Less: current portion of bank loans |  |  | (598,848 | ) |  |  | (400,016 | ) |  |  | (297,520 | )
Long-term bank loans |  |  | 3,070,967 |  |  |  | 2,834,183 |  |  |  | 2,107,983 |
Schedule of Bank Loans Comprised | Bank loans comprised of the following:
Loan |  | Principal amount |  | Maturity date |  | Interest rate |  | Repayment method |  | March 31, 2024 |  |  | March 31, 2025 |  |  | March 31, 2025 |
|  |  |  |  |  |  |  |  |  | S$ |  |  | S$ |  |  | US$ |
|  |  |  |  |  |  |  |  |  | Fixed at 1.68% for first 2 years. |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loan I |  | S$ |  |  | 3,270,400 |  |  | July 31, 2030 |  | Subsequent years- 1.30% to 2.00% over the applicable 3-month Compounded Singapore Overnight Rate Average (“SORA”) |  | Monthly repayment |  |  | 1,364,353 |  |  |  | 1,188,377 |  |  |  | 883,880 |
Mortgage loan II |  | S$ |  |  | 1,062,500 |  |  | May 31, 2036 |  | 1.30% to 2.00% over the applicable 3-month SORA |  | Monthly repayment |  |  | 708,010 |  |  |  | 670,829 |  |  |  | 498,943 |
Mortgage loan III |  | S$ |  |  | 887,000 |  |  | March 31, 2031 |  | 1.30% to 2.00% over the applicable 3-month SORA |  | Monthly repayment |  |  | 644,691 |  |  |  | 565,504 |  |  |  | 420,605 |
Mortgage loan IV |  | S$ |  |  | 907,000 |  |  | August 31, 2036 |  | 1.30% to 2.00% over the applicable 3-month SORA |  | Monthly repayment |  |  | 634,075 |  |  |  | 595,455 |  |  |  | 442,882 |
Mortgage loan V* |  |  |  |  | S$1,311,000 |  |  | March 21, 2040 |  | Fixed at 3.00% for first 2 years Subsequent years- 3.00% over the applicable 3-month Compounded Singapore Overnight Rate Average (“SORA”) |  | Monthly repayment |  |  | — |  |  |  | 131,219 |  |  |  | 97,597 |
Term loan I |  | S$ |  |  | 960,000 |  |  | August 31, 2036 |  | 1.30% to 2.00% over the applicable 3-month SORA |  | Monthly repayment |  |  | 70,937 |  |  |  | 66,617 |  |  |  | 49,548 |
Term loan II |  | S$ |  |  | 200,000 |  |  | August 31, 2036 |  | 1.30% to 2.0% over the applicable 3-month SORA |  | Monthly repayment |  |  | 17,248 |  |  |  | 16,198 |  |  |  | 12,048 |
Trust receipts |  | S$ |  |  | 1,000,000 |  |  | N/A |  | Prevailing Cost of Funds plus 1.50% |  | Upon 90 to 120 days |  |  | 230,501 |  |  |  | — |  |  |  | — |
Total bank loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 3,669,815 |  |  |  | 3,234,199 |  |  |  | 2,405,503 |
| * | Mortgage Loan V relates to the construction in progress, as disclosed in Note 9.
Schedule of Maturity Dates for the Company’s Outstanding Bank Loans | The maturity dates for the Company’s outstanding bank loans as of March 31,2024 and 2025 are as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | S$ |  |  | S$ |  |  | US$ |
2025 |  |  | 698,928 |  |  |  | — |  |  |  | — |
2026 |  |  | 468,427 |  |  |  | 490,858 |  |  |  | 365,086 |
2027 |  |  | 468,427 |  |  |  | 484,500 |  |  |  | 360,357 |
2028 |  |  | 468,427 |  |  |  | 483,922 |  |  |  | 359,927 |
2029 |  |  | 468,427 |  |  |  | 483,922 |  |  |  | 359,927 |
2030 |  |  | — |  |  |  | 483,922 |  |  |  | 359,927 |
Thereafter |  |  | 1,723,113 |  |  |  | 1,347,093 |  |  |  | 1,001,929 |
Total bank loans |  |  | 4,295,749 |  |  |  | 3,774,217 |  |  |  | 2,807,153 |
Less: Imputed interest |  |  | (625,934 | ) |  |  | (540,018 | ) |  |  | (401,650 | )
Present value of bank loans |  |  | 3,669,815 |  |  |  | 3,234,199 |  |  |  | 2,405,503 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02(22)) -SubTopic 10 -Topic 210 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 942 -SubTopic 235 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477314/942-235-S99-2 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480738/235-10-S50-4 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 3 -Subparagraph (SX 210.12-04(a)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-3 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69B -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69B Reference 6: http://www.xbrl.org/2003/role/exampleRef -Topic 470 -SubTopic 20 -Name Accounting Standards Codification -Section 55 -Paragraph 69E -Publisher FASB -URI https://asc.fasb.org/1943274/2147481568/470-20-55-69E Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 835 -SubTopic 30 -Name Accounting Standards Codification -Section 45 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482925/835-30-45-2 Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477734/942-470-50-3 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-8 Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-6 Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-7 + Details
Name: | us-gaap_ScheduleOfDebtInstrumentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
Name: | us-gaap_ScheduleOfDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
Name: | us-gaap_ScheduleOfMaturitiesOfLongTermDebtTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration